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Demand Zone

Bitcoin Support & Resistance AnalysisPrices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium. When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the stop-loss area when trading on margin 🔴Resistance Line 29729$ 🔴Resistance Line 29371$ 🔴Resistance Line 29083$ 🟢Support Line 27832$ 🟢Support Line 27176$ The above price level represents an important tipping point, not an absolute analysis for buying and selling. You must be careful about your investment decisions. Thank you for reading my poor analysi
by WhaleGO_BTC
ULTA has Overextended Strength SHORTULTA a women's beauty focused company has benefitted from the end of the Covid Era, Earnings reports have been rock solid for sure. I think ULTA is overdue for a correction. On the 4H Chart, supply and demand zones are per the LuxAlgo indicator. Price touched and retested demand several times last summer and early fall. It is now touching and testing the supply zone above the POC line of the long term volume profile. It is in the overvalued region of the long term anchored VWAP bands. The Wycoff buying /selling oscillator is still positive but with a decreasing amplitude. I see ULTA as setting up for a short sell entry. The entry could be now but a better entry would wait for price to get under the POC line at HKEX:528 and the volume oscillator turn to negative with the histogram below the zero line showing bearish volume momentum. My preferred position is a put option at a strike of HKEX:530 expiring on 5/19/23.
NASDAQ:ULTAShort
by AwesomeAvani
1
Bitcoin Support & Resistance AnalysisPrices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium. When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the stop-loss area when trading on margin 🔴Resistance Line 30191$ 🔴Resistance Line 29346$ 🔴Resistance Line 29148$ 🔴Resistance Line 27837$ 🟢Support Line 27201$ The above price level represents an important tipping point, not an absolute analysis for buying and selling. You must be careful about your investment decisions. Thank you for reading my poor analysi
by WhaleGO_BTC
ETH - Key Levels To Watch 👀What's up traders! In today's market breakdown, we're mapping out our latest levels to watch for on the ETH hourly chart. No need to beat around the bush, let's dive right in... Ticker: ETHUSDT Date: 04/26/23 T imeframe: 1H Key Levels: Supply: 1935-1965 (1st red zone), 1990-2005 (2nd red zone) Demand: 1800-1825 (green zone) Other key levels: 1875-1890 (1st grey zone) Commentary: First Republic drama had cryptocurrency bulls gain back control of the market yesterday. However, Ethereum has come back to retest demand at 1800 today. Ethereum pretty much satisfied the Bearish Scenario 2 from our last analysis on 04/23/23, except it found demand at 1800 rather than ~1770 - a big psychological level. Currently, we are trading just under ~1875-1890 key zone and supply from the earlier this week that is being respected well. Here are a few trades we could target from here: ✅ Bullish Scenario 1: you want to see price pull back into the demand zone ~1800-1825 and buyers to emerge again for an upside move, possibly into ~1935-1965 supply or higher. Be cautious of the key zone around ~1875-1890 in this scenario. This is the safer upside play. ✅ Bullish Scenario 2: you want to see price trade above this ~1875-1890 zone, retest this zone and turn it into demand to catch a break and retest for an upside move, potentially into supply at ~1935-1965. ✅ Bullish Scenario 3: you want to see price rally and break supply at ~1935-1965, pull back into it to turn it into demand and find strength again for a move into next supply at ~1990-2005. ------ 🟥 Bearish Scenario 1: you want to see price approach supply at ~1935-1965, sellers to regain control and possibly catch a break and retest of this supply zone into the key zone ~1875-1890 or demand at ~1800-1825. This will be the safer downside play. 🟥 Bearish Scenario 2: you want to see price reject here at ~1875-1890 for a move into ~1800-1825 demand. 🟥 Bearish Scenario 3: you want to see price break demand at ~1800-1825, retest and turn this zone into supply for a further downside move into ~1770. That's all we got for you in this one. So what do you think? Are you bullish or bearish on ETH? Let us know in the comments below! We'll see you in the next one. -The AlgoBuddy Team
by QuantVue
4
PFE Large Cap Pharma increased its dividendPFE just raised its dividend On the chart it has been trending downward as shown also by a down sloping anchored VWAP bands. Price is currently sitting at long term support and two standard deviations below VWAP. It appears to be ready to reverse from the deep undervalued area. In confirmation, teh voume indicator shows moderate increased relative volume compared with March. I see this as a good opportunity to enter a swing long trade or investment. PFE has its increased dividend as a hint to shareholders of increasing earnings also with the next generation of COVID vaccines in the pipeline along with a diversified line of other products. The only thing that will slow PFE down in federal legislation to limit the retail MSRP prices of its products to all consumers including those with no insurance and commercial coverage outside federal programs. PFE is solid as a rock. I see the buy signal.
NYSE:PFELong
by AwesomeAvani
2
MILN Electric Vehicle Penny Stock MULN is a nine-penny stock that is high volatile with a wide ATR. On the 15-minute chart, price is currently sitting above the support zone shown by the Luxalgo indicator. Upside to the resistance zone is nearly 40% which this stock can do in 1-2 days. Just in the past two days MULN formed a double top at 12 cents near to the VQAP + 2 then tended down. After the downtrend price currently in the undervalued range one standard deviation below VWAP which MULN is using for support. The RSI confirms price as in the low oversold zone while the high relative volume in the past couple of days affirms trader interest. Once a reversal is steadily underway I suspect a volume surge will drive price higher and do so quickly. I see this as a great opportunity to take swing long trade looking for at least 1/2 of the upside 40%. The stop loss will be set just below the support zone. If price moves there the trade is invalidated. If not the target is 12 cents at the level of the double top or alternatively a more conservative target of one standard above VWAP ( blue line) at about 11.4 cents. Lastly, there is the alternative of inexpensive options which if taken strategically can significantly leverage the returns of a stock trade.
NASDAQ:MULNLong
by AwesomeAvani
3
Bitcoin Support & Resistance AnalysisPrices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium. When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the stop-loss area when trading on margin 🔴Resistance Line 30451$ 🔴Resistance Line 30191$ 🔴Resistance Line 29148$ 🟢Support Line 28136$ 🟢Support Line 27846$ The above price level represents an important tipping point, not an absolute analysis for buying and selling. You must be careful about your investment decisions. Thank you for reading my poor analysi
by WhaleGO_BTC
Bitcoin - Do The Bulls Stand A Chance?What's up traders! In today's breakdown, we're taking a look at some possible scenarios for Bitcoin in the coming days / weeks. Let's dive right in... Ticker: BTCUSD Date: 04/21/23 Timeframe: 1H Supply: 28525-28800 (1st red zone), 30280-30600 (2nd red zone) Demand: 27560-27830 (green zone) Commentary: It seems like we finally got the break of the bullish momentum in the crypto market. For any upside continuation, this could be a much needed pullback for a healthier move back into 30k+ for bitcoin. Until we break strong demand at 25000, we can count on bitcoin resuming its recovery so any significant bearish bias should be avoided. That being said, we need to be cautious of supply zones above if we are bullish. The good thing is that this pullback has identified key supply zones for us that we need to be cautious of, making our long plays easier. We are currently approaching / already validating demand at ~27560-27830. There are a few plays we could target from here. ✅ Bullish Scenario 1: you want to see price hold this ~27560-27830 demand, find strength to move upwards and possibly give us a retest of this demand zone for a possible move back into supply around ~28525-28800. This will be the safer upside play. ✅ Bullish Scenario 2: you want to see price hold this ~27560-27830 demand, find strength, have volume build up to break the supply zone around ~28525-28800, and then retest the ~28525-28800 zone to possibly move into the highs from earlier this week and ~30280 supply. 🟥 Bearish Scenario 1: you want to see price approach supply from a couple weeks ago around ~28525-28800, sellers starting to accumulate and possibly catch a break and retest of this supply zone into demand at ~27560-27830 again. This will be the safer downside play. 🟥 Bearish Scenario 2: you want to see price break this ~27560-27830 demand, retest, find weakness again and possibly move into late March lows around ~27000.
by QuantVue
2
Am Back!!!!!After a long while guys....am back. Without bothering u on all the details....let's get into today's breakfast(London time)... If u saw the bullish setup before me.... Indicate below.....u must be really smart!! If u didn't....dosent matter...(we are eating today, probably...) Okay....EURAUD has been in a strong uptrend on the Daily and even 4H..... A retracement to the previous pullback level just happened.(fib 50&60) Plus.....its in an Ending Diagonal on the 4H.. The probability for a bullish recovery is high An going in on the LTF with my killer techniques..... Feel free to join me with any entry strategy u have.... Like ......and subscribe......or I'll take ur stop loss😆
Long
by LexyenHille
2
ETH - Who Wins This Battle? 🗡️What's up traders! In today's breakdown, we're taking a look at our favorite #2 crypto in Ethereum. Let's dive right in... Ticker: ETHUSD Date: 04/19/23 Timeframe: 1H Supply: 2044-2068 (1st red zone), 2116-2148 (2nd red zone) Demand: 1924-1946 (1st green zone), 1826-1860 (2nd green zone) Commentary: Ethereum has created a big gap between these demand and supply levels. With Ethereum now pulled back down, this creates an opportunity for a healthier move upwards if we are to continue this rally. We have just held demand at ~1920 earlier this morning and are attempting to hold it again. This level is a previous double top from a couple weeks and a week ago so it is an important level to look out for. We should not be shorting Ethereum until this level is broken to the downside. With that being said, volume is currently accumulating on the downside so a break and retest of this level for further downside could well be a good play. ✅ Bullish Scenario 1: you want to see price hold this ~1920 demand, find strength to move upwards and possibly give us a retest of this demand zone for a possible move back into supply around 2050. This will be the safer upside play. ✅ Bullish Scenario 2: you want to see price hold this ~1920 demand, find strength, have volume build up to break the supply zone around ~2050, and then retest the ~2050 zone to possibly move into last week's high around ~2130. 🟥 Bearish Scenario 1: you want to see price break this ~1920 demand, retest, find weakness again and possibly move into last week's lows around ~1860. 🟥 Bearish Scenario 2: you want to see price find weakness again at ~2050 supply zone after holding this ~1920 demand for a move back into the ~1920 demand zone.
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by QuantVue
4